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Lol I seriously laughed out loud! Lol I'm not sure what sort of "research" you do, but I'm struggling to see how a S7 Is part of a "successful" trading plan? Do you mind outlining how exactly it improves your positive expectancy or profit factor lol? I wonder how Paul Rotter did on his...

It was not that long ago when I did my undergrad so I've got no real desire (or time) to study and sit an exam.

Bigpapi, Are there really "hundreds" of reputable prop firms in NYC that offer: -20:1 intraday leverage. -Remote trading. -Allow me to automate my system. -No series 7 required. ?? I've looked at a fair few and so far my shortlist has a grand total of three. I will contact the...

Hi Cactus, Thanks for the info. Would you be able to mention a few firms in the NYC area that you think fit the bill? I'm after reputable firms that have been around a while. Cheers. Nizar.

Hi, Just wondering which non series 7 requiring firms offer the best deals for experienced traders? Being experienced, obviously I don't want to have to pay for "training" and I can offer the 12 months of trading records that is usually requested by the firm. A New York location would...

I sent off an email using the address provided on the website. One of the partners, Mike, replied promptly.

+1. The OP clearly knows nothing about trading. The whole essence of trend following is to buy breakouts and/or uptrends. How much money is invested in trend following CTAs? Ralph Vince's most recent book has a good section on trend following. Its a proven technique. Not something...

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Though I should say that solid trend following systems should of course outperform random entry systems, as you look for breakouts or uptrends. I personally look for breakouts in established uptrends. My point was that random entry systems don't fare as badly as you think, and that most of...

I've tested random entry myself, though it was years ago, when i was first getting started in systems design. The results suprised me. Do you have Amibroker? Its pretty easy to do it with Ami I think. I can run a test for you but will probably have to wait until the weekend, very busy...

Hmmmm I didn't know Malaysia was a tax-haven?? :confused: :confused: http://www.zyra.org.uk/taxhaven.htm (not sure how reliable the source is, came up on google)

Hi, I'm thinking trend following strategies would work nicely in stocks in growing economies, like emerging markets. The BRIC countries would be nice but I think to shift the risk/return curve higher you can even look beyond these. I have no problems getting historical data for testing...

I agree wholly. The reason I mentioned W% is because its the only way to quantify or see if there is any edge in the entry. Of course there doesn't have to be an edge in the entry for a method to have a positive expectancy.

Jez. You would be how good random entry actually is. Run a few tests. I would post some here but on the work computer at the moment. Hit rate has nothing to do with size of gains or losses. Average win size in relation to average loss size is the payoff factor. But you already knew...

I agree. Trend following systems have no "true edge" so to speak in terms of their entry. That is why the hit rate on trend following systems is often less than 50% Trend following systems only make money from their trade management (ie. cutting losses and letting winners run). But there...

But I for one have difficulty in believing that a system can be designed to be eternally profitable. AFJ Garner. Have you looked at the work done by Nassim Taleb and Benoit Mandelbrot?

Mike, Thanks for your thoughts. 3-5% sounds reasonable. Obviously, less is better.

Solid post. What is the name of your book and when will it be released?

I agree. People just have to learn to accept that drawdowns and periods of poor performance are just part of ANY system. Eg. Renaissance went through a period of poor performance earlier this year. Paul Tudor Jones has had some very average years. Bill Dunn started off with a 50% drawdown.